City of Grand Rapids Fiscal Committee Agenda 2026-06-16
Excess Liability Coverage Renewed with MMRMA
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Description
Grand Rapids is renewing its excess liability coverage with the Michigan Municipal Risk Management Authority for FY2027 at a premium of $1,458,194. The membership-based program provides $15 million per occurrence coverage plus cyber and related protections.
Contract Details
Contract Amount
$1,458,194
Vendor
MICHIGAN MUNICIPAL RISK MANAGEMENT AUTHORITY
Agency
City of Grand Rapids, MI
Contract Type
INSURANCE
Document Date
June 16, 2026
Contract Term
July 1, 2026 to June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Ongoing membership in MMRMA since 1995; FY2027 premium reflects an 8.3% increase and is partially offset by a $638,860 asset distribution to the City.
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